Deepak Nitrite Ltd logo

Deepak Nitrite Ltd

DEEPAKNTR NSE

Key Fundamentals

SmallcapSpecialty ChemicalsChemicals
Market Cap
₹24,049 Cr
Volatility
Moderate
P/E Ratio
30.84
EBITDA
₹1,041 Cr
Return on Equity
9.38%
Debt to Equity
0.28
Book Value
₹427.94
EPS
₹59.06
52W High
₹1,904.4
52W Low
₹1,280

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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44 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

2
  • Company has a low return on equity of 12.8% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
-5.01% ↘
Net Income Growth
-21.04% ↘
Cash Flow Change
-13.73% ↘
ROE
-27.06% ↘
ROCE
-24.81% ↘
EBITDA Margin (Avg.)
-6.83% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Deepak Nitrite Ltd trades at a market cap of ~₹23,569 crore with a PE of 29.9x. The company is India's largest Phenol-Acetone producer with ~50% domestic market share, but has delivered flat 3-year revenue CAGR (0%) and a negative 3-year profit CAGR (-13%). A major ₹14,000 crore capex cycle into polycarbonate and downstream integration is underway, which could transform the earnings profile but also introduces execution risk.

Bull Case 8
  • India's largest Phenol-Acetone producer with ~50% domestic market share, providing strong competitive moat and pricing power
  • 10-year compounded sales CAGR of 19% and profit CAGR of 24% demonstrate long-term earnings compounding ability
  • TTM profit growth of 31% signals a recovery in earnings after a cyclical downturn
  • Massive ₹14,000 crore capex cycle into integrated Phenol-BPA-Polycarbonate plant (targeted by June 2028) opens a large new addressable market
  • Q1 FY27 revenue up 35% YoY to ₹2,592 crore with EBITDA margin expanding to 21% from 11% a year ago, confirming margin recovery
  • Promoter holding stable at ~49.3%, reflecting strong skin-in-the-game by the founding family
  • Debt-to-equity ratio of 0.28x indicates a relatively clean balance sheet to fund upcoming capex
  • Diversified product portfolio serving 1,500+ customers across 45+ countries reduces single-customer or single-geography risk
Bear Case 8
  • 3-year compounded profit CAGR of -13% and 5-year profit CAGR of -7% indicate sustained earnings compression over medium term
  • Return on equity has declined from 18% (5-year average) to 10% last year, signaling deteriorating capital efficiency
  • 3-year average ROE of only 12.8% is low for a specialty chemicals company and below cost of equity
  • FY26 annual revenue declined 4.8% YoY to ₹7,887 crore, showing topline pressure from subdued phenol spreads
  • Stock CAGR of -8% over 1 year and -6% over 3 years shows the market has de-rated the stock relative to its cycle peak
  • ₹14,000 crore capex (₹2,500 crore for BPA alone) will be funded partly by debt, potentially increasing leverage during execution phase
  • Potential interest cost capitalization (flagged concern) may overstate reported profitability and understate true cost of ongoing projects
  • PE of 29.9x on cyclically depressed earnings may not reflect normalized valuations — earnings quality remains uncertain until capex projects contribute

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 5
  • Q1FY26 profit surges 207% YoY Aug 4

    Consolidated net profit jumped to ₹345.01 crore (up 207% YoY) with revenue rising 36% to ₹2,577.60 crore, driven by strong Phenolics segment performance.

  • ₹2,500 Cr BPA plant approved Aug 4

    Subsidiary Deepak Chem Tech approved a ₹2,500 crore investment for a 240 KTA Bisphenol A plant, integrating the value chain from Cumene to Polycarbonate resin.

  • ₹11,500 Cr polycarbonate project advances Aug 7

    The integrated polycarbonate project targets H2 FY29 commissioning with ~₹1,200 crore spent so far; MIBK, MIBC, and Acetophenone units set to launch in August 2026.

  • ₹7.50 dividend approved at AGM Aug 5

    Shareholders approved a ₹7.50 per share dividend and key board appointments at the 55th AGM held August 5, 2026.

  • New CEO for Advanced Intermediates Aug 4

    Lohit Shringi appointed CEO of Advanced Intermediates Business effective August 4, 2026, bringing 27+ years of experience from PCBL and DuPont.

Neutral 4
  • Independent Director term ends Aug 7

    Dileep Choksi ceased to be Independent Director on August 7, 2026, following completion of his second term per SEBI regulations.

  • $78.43M loan guarantee for Oman unit Jul 23

    Deepak Nitrite executed a corporate guarantee for a $78.43 million term loan for subsidiary Deepak Oman Industries (SFZ) LLC, favoring Bank Muscat SAOG.

  • Promoter shares unencumbered in FY26 Jul 21

    Deepak C. Mehta confirmed no encumbrance on promoter shares for FY26, with declaration submitted to NSE.

  • Q1 FY27 earnings call scheduled Jul 24

    Q1 FY27 earnings conference call scheduled for August 6, 2026 at 3:30 PM IST with senior management participation.

TL;DR: Deepak Nitrite delivered a blowout Q1FY26 with 207% profit growth and is aggressively investing in forward integration via its ₹11,500 crore polycarbonate and ₹2,500 crore BPA projects. No visible headwinds in recent news flow. The capex pipeline (₹1,000–1,500 crore in FY27, ₹3,000 crore in FY28) is substantial but well-telegraphed, and execution on new unit launches in August will be the near-term catalyst to watch.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,768
1,778
2,009
2,126
2,167
2,032
1,903
2,180
1,890
1,902
1,975
2,120
2,578
Expenses
1,559
1,476
1,705
1,825
1,858
1,734
1,735
1,863
1,700
1,698
1,764
1,744
2,037
Operating Profit
210
302
305
301
309
298
169
317
190
204
211
376
540
OPM %
12%
17%
15%
14%
14%
15%
9%
15%
10%
11%
11%
18%
21%
Other Income
32
17
14
99
19
21
21
23
25
20
-4
7
14
Interest
2
3
3
4
6
6
6
9
8
8
11
19
23
Depreciation
38
39
42
46
47
48
48
51
51
53
58
63
64
PBT
202
277
274
349
275
264
135
279
155
163
138
301
468
Tax %
26%
26%
26%
27%
26%
26%
27%
27%
27%
27%
28%
27%
26%
Net Profit
150
205
202
254
203
194
98
202
112
119
100
220
345
EPS in Rs
10.99
15.04
14.81
18.61
14.85
14.24
7.19
14.84
8.23
8.7
7.32
16.11
25.3
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,327
1,373
1,371
1,651
2,700
4,230
4,360
6,802
7,972
7,682
8,282
7,887
8,575
Expenses
1,187
1,204
1,231
1,447
2,278
3,194
3,108
5,196
6,680
6,555
7,187
6,900
7,243
Operating Profit
140
169
139
204
421
1,035
1,252
1,607
1,292
1,127
1,095
987
1,331
OPM %
11%
12%
10%
12%
16%
24%
29%
24%
16%
15%
13%
13%
16%
Other Income
1
0
80
7
11
29
20
42
46
156
84
44
36
Interest
38
40
37
47
87
118
77
36
27
15
31
49
61
Depreciation
36
40
48
53
78
140
153
178
166
166
195
225
237
PBT
67
89
135
111
268
806
1,042
1,434
1,146
1,102
953
757
1,070
Tax %
21%
29%
28%
29%
35%
24%
26%
26%
26%
26%
27%
27%
—
Net Profit
53
63
96
79
174
611
776
1,067
852
811
697
551
783
EPS in Rs
5.06
5.39
7.37
5.79
12.73
44.8
56.88
78.2
62.47
59.45
51.12
40.36
57.43
Div. Payout %
20%
22%
16%
22%
16%
10%
10%
9%
12%
13%
15%
19%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
21
23
26
27
27
27
27
27
27
27
27
27
Reserves
325
450
689
895
1,044
1,545
2,319
3,311
4,063
4,769
5,361
5,810
Borrowings
545
529
724
987
1,187
1,107
590
315
73
286
1,267
1,638
Other Liabilities
235
295
350
684
677
538
630
779
967
1,012
1,053
1,180
Total Liabilities
1,125
1,296
1,789
2,592
2,935
3,217
3,567
4,432
5,129
6,095
7,708
8,654
Fixed Assets
549
594
586
588
1,716
1,832
1,864
1,963
1,942
2,293
2,457
3,270
CWIP
44
36
349
955
34
172
220
122
301
774
1,649
1,828
Investments
3
87
118
32
2
2
189
439
379
122
511
213
Other Assets
530
580
736
1,018
1,183
1,210
1,293
1,908
2,508
2,907
3,091
3,343
Total Assets
1,125
1,296
1,789
2,592
2,935
3,217
3,567
4,432
5,129
6,095
7,708
8,654
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
108
167
49
183
60
765
1,002
824
650
874
625
539
Investing
-89
-169
-353
-525
-163
-428
-396
-424
-276
-717
-1,489
-669
Financing
-22
4
305
345
96
-338
-599
-386
-359
44
806
193
Net Cash Flow
-3
2
1
4
-6
-1
7
14
15
200
-59
64
Free Cash Flow
18
81
-192
-438
-194
349
788
638
290
110
-494
-658
CFO/OP
87
110
47
103
28
93
99
73
70
101
77
74
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
86
83
96
91
78
53
63
61
60
62
56
70
Inventory Days
47
54
75
118
94
63
64
53
62
54
59
57
Days Payable
48
59
95
176
106
57
72
46
46
38
33
35
Cash Conversion Cycle
85
79
76
32
66
59
56
67
76
77
82
92
Working Capital Days
-3
-28
-49
-29
35
33
57
57
70
70
64
61
ROCE %
—
14%
8%
10%
17%
38%
40%
44%
30%
22%
16%
11%

Shareholding Pattern

As of Jun 2026
Promoters 49.34%
DIIs 23.76%
Public 18.16%
FIIs 6.25%
Others 2.49%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
45.69%
45.69%
45.69%
45.69%
45.72%
45.72%
45.72%
45.72%
49.13%
49.13%
49.13%
49.13%
49.13%
49.24%
49.24%
49.24%
49.28%
49.28%
49.28%
49.33%
49.33%
49.34%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.36%
0.00%
0.44%
1.00%
0.00%
6.48%
6.72%
6.86%
6.69%
6.59%
6.65%
6.68%
6.21%
6.05%
6.19%
6.25%
DIIs
11.53%
10.29%
10.44%
10.70%
9.97%
10.63%
11.55%
13.76%
14.53%
15.62%
17.03%
18.87%
19.27%
21.21%
22.29%
23.22%
23.22%
22.62%
22.70%
23.20%
23.47%
23.76%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
22.31%
24.55%
24.87%
26.69%
27.78%
26.89%
26.43%
24.60%
24.53%
23.56%
23.01%
22.12%
21.49%
19.61%
18.61%
17.93%
18.11%
18.84%
19.09%
18.83%
18.50%
18.16%
Others
20.47%
19.47%
19.00%
16.91%
16.54%
16.77%
14.94%
15.92%
11.36%
10.69%
10.83%
3.40%
3.38%
3.09%
3.17%
3.01%
2.74%
2.58%
2.72%
2.59%
2.51%
2.49%
No. of Shareholders
0
1,90,915
3,06,098
3,74,962
5,36,074
6,39,690
6,70,102
6,91,728
6,49,046
6,12,869
5,72,562
5,34,115
5,02,250
4,51,198
4,22,398
4,10,749
4,09,970
4,16,258
4,19,367
4,08,560
3,96,798
3,82,905

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - Nov 2017 Nov 2017
3
Concall - Jan 2018 Jan 2018
4
Concall - May 2018 May 2018
5
Concall - Aug 2018 Aug 2018

Frequently Asked Questions about Deepak Nitrite Ltd

What does Deepak Nitrite Ltd do?
Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]
Where is Deepak Nitrite Ltd (DEEPAKNTR) listed?
Deepak Nitrite Ltd is listed on the Indian stock exchanges. It is listed on NSE: DEEPAKNTR and BSE: 506401. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Deepak Nitrite Ltd belong to?
Deepak Nitrite Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Deepak Nitrite Ltd?
Deepak Nitrite Ltd has a market capitalisation of approximately ₹24048.82 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Deepak Nitrite Ltd?
The Price-to-Earnings (PE) ratio of Deepak Nitrite Ltd is 30.84. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Deepak Nitrite Ltd?
Over the past 52 weeks, Deepak Nitrite Ltd has traded between a low of ₹1,280 and a high of ₹1,904.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Deepak Nitrite Ltd pay dividends?
Yes, Deepak Nitrite Ltd has a dividend yield of 0.42%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Deepak Nitrite Ltd?
Deepak Nitrite Ltd has a Return on Equity (ROE) of 9.38%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Deepak Nitrite Ltd on Tapetide?
On Tapetide, you can view Deepak Nitrite Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]

Website godeepak.com
CEO Mr. Deepak Chimanlal Mehta B.Sc.
Employees 1,757
Listed 2010-09-29
Face Value ₹ 2
Issued Size 13,63,93,041

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